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(1) The nominal value of a security or instrument. (2) The official value of a currency. A dollar amount that is assigned to a security when representing the value contributed for each share in cash or goods. Par for a bond is generally $1,000.
Ãâó: www.equanto.com/glossary/p.html
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The number of shots a low handicapper should take for a hole or round. The hole par is measured by the number of shots needed to reach the green plus two for the putting. The round of par is calculated by adding all the hole par's together.
Ãâó: www.golfclevelandohio.com/G2003-lexicon.htm
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The standard score for a hole, usually based on its length. Holes up to 250 yards (228m) long are par 3's, up to 475 yards (434m) par 4's and any longer than that are par 5's. Course committees are now authorized to vary par when a hole's difficulty warrants not sticking rigidly to the distances laid down.
Ãâó: www.playandstayinpa.com/playandstay/Glossary.jsp
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1: The face value or principal value of a bond, usually $1,000 per bond. A bond trading at par is trading at its face value.
Ãâó: www.rbfcu.org/rbsg/dictionary_p.htm
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The nominal or face value of a security such as a stock or bond as stated in equivalent dollars. For common stock or preferred stock, the par value is stated in the articles of incorporation. In a new issue of stock, the sale is at par, and the proceeds of the sale are recorded as equity in the books of the corporation.
Ãâó: www.faststart.state.ri.us/bfs_glossary.html
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